Dow tumbles nearly 3,000 points -- worst point drop in history

[NWRatCon]

There is no way in hell that it doesn't get worse.

It's already "worse". We just have no evidence because the administration plowed the poodle on the testing.

A highly contagious virus with asymptomatic carriers has been circulating undetected for weeks at the very least.

You are going to be proven wrong about this.

The only thing remaining to determine is whether you'll be man enough to admit it when it does.

I have a prediction...

 

[NWRatCon]

Here's an interesting correlation: Every time Trump conducts a press appearance, the Dow tumbles...

 

[Idontbelonghere]

Nobody thinks God sent him. He sure as hell didn't cause the market to go to ****.

That’s not entirely true about the market. Where the anti-Trump crowd gets it wrong is that they believe the market dive is ABOUT Trump’s handling of the virus situation. That’d be wrong. The virus created a shock for sure, but a healthy and stable economy would be correcting by now.

Where Trump is responsible is in his commitment to accelerate government spending, a continued acceleration of easy money policies, and expecting/begging/forcing the Fed to inflate the hell out of the dollar. So, pretty much by being no different in policy than any other Republican or Democrat for the last century.

The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse | Mises Wire

 

[Metric Mouse]

I took out half my money last summer so I didn't get hit too badly. I really don't want to log in to my investment site to see what's happened to the rest of my money.

We're basically at dec. 2018 levels so if you bought in before then, you'll be ok.

 

[Cardinal]

We're basically at dec. 2018 levels so if you bought in before then, you'll be ok.

January 2017, actually. The crash has wiped out all the gains made under Trump.

 

[apdst]

That’s not entirely true about the market. Where the anti-Trump crowd gets it wrong is that they believe the market dive is ABOUT Trump’s handling of the virus situation. That’d be wrong. The virus created a shock for sure, but a healthy and stable economy would be correcting by now.

Where Trump is responsible is in his commitment to accelerate government spending, a continued acceleration of easy money policies, and expecting/begging/forcing the Fed to inflate the hell out of the dollar. So, pretty much by being no different in policy than any other Republican or Democrat for the last century.

The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse | Mises Wire

Yeah, ok...lol

 

[Metric Mouse]

January 2017, actually. The crash has wiped out all the gains made under Trump.

Depends on if you're counting first time it was this high, or last time it was this low, I suppose. Either way, sucks for anyone who bought at most points in the last 1-3 years. Anything before that is still in the money.

 

[CaughtInThe]

why aren't we seeing true capitalists screaming about the bumpers in the Stock Market?????

 

[Idontbelonghere]

why aren't we seeing true capitalists screaming about the bumpers in the Stock Market?????

Aren’t we all true capitalists?

Is there something particular you think we should be discussing?

 

[Craig234]

I think we're all learning that competence matters.

Only some of us are just now learning it.

 

[CaughtInThe]

Aren’t we all true capitalists?

Is there something particular you think we should be discussing?

of course. the market has guardrails built into it. it's like little league where the kids aren't allow to lose but by so many runs.

true capitalists should be screaming bloody murder.

 

[AlphaOmega]

They will blame Trump.

Sure the bat**** TDS nutters will but as sure as the sun will rise today Trump will be re-elected in November.

 

[AlphaOmega]

There is no way in hell that it doesn't get worse.

It's already "worse". We just have no evidence because the administration plowed the poodle on the testing.

A highly contagious virus with asymptomatic carriers has been circulating undetected for weeks at the very least.

You are going to be proven wrong about this.

The only thing remaining to determine is whether you'll be man enough to admit it when it does.

ahh yes...^perfect example of fear mongering right here. Of course its going to get worse before it gets better that doesn't mean we need to fill our basements with toilet paper or buy 25 roasted chickens. Calm down, no one said life was a safe space. Your chances of being killed by a panic stricken driver on their way to buy the latest stock of hand sanitizer is exponentially higher than being killed by CV.

 

[AlphaOmega]

Today I learned that epidemiologists aren't a thing and that propagation mathematics is wrong if it makes Dear Leader look bad.

ahh yes...millions dead.. What is the total so far?

 

[Hamish Howl]

ahh yes...millions dead.. What is the total so far?

By that standard, the bubonic plague was meaningless in 1348. Because only a few people had died by that point.

"LET'S COMPARE ANNUAL FLU NUMBERS AGAINST TWO WEEKS OF THIS VIRUS."

unnnnnnnnnnnnnnnnnnnnnnnnnnnnng

 

[Hamish Howl]

What is like illegal immigration, voter fraud?

We are discussing artificial emergencies, right?

 

[AlphaOmega]

By that standard, the bubonic plague was meaningless in 1348. Because only a few people had died by that point.

"LET'S COMPARE ANNUAL FLU NUMBERS AGAINST TWO WEEKS OF THIS VIRUS."

unnnnnnnnnnnnnnnnnnnnnnnnnnnnng

Two weeks? Post fail!